Notes are also in the chart. I am lookin for a ptoential long entry but will sit and wait for the market to tell me what to do.
- signals a potentiall trend reversal.
There is a an setting up called a .
- If price breaks off of the , then an area of resistance will be at the area where the completes
- If price action breaks above D Leg and then the X Leg of the , then the pattern becomes invalid. This will also add provide additional confirmation of a trend reversal to the upside.
- I dont trade Nickel spot prices but use this as a guide for several ASX Listed companies that specialize in Nickel.
**Watch the . If price breaks above the then wait for the pull back before looking to go long**